The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2012
In 2012, The Farmers & Merchants Bank of Stuttgart, AR reported 266 mortgage applications totaling $20.1 million, up 6% from 2011. The average application was for $75,721, and applicants reported an average income of $68,966. 83% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (23), Pine Bluff, AR (7) and Hot Springs, AR (3) (applications in parentheses).
| Mortgage Company & Address | The Farmers & Merchants Bank 708 S Main St Stuttgart, AR 72160 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 266 |
| Total Mortgage Loan Application Amount | $20,142,000 |
| Average Mortgage Loan Application Amount | $75,721 |
| Highest Mortgage Loan Application Amount | $1,424,000 |
| Average Applicant Income | $68,966 |
| Highest Applicant Income | $1,244,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2012
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 155 | $13,854,000 | $89,000 | $1,424,000 | $79,000 | $1,244,000 |
| Home Improvement | 61 | $2,666,000 | $43,000 | $178,000 | $50,000 | $175,000 |
| Refinancing | 50 | $3,622,000 | $72,000 | $530,000 | $61,000 | $310,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 216 | $16,270,000 | $75,000 | $1,000,000 | $71,000 | $1,109,000 |
| Black or African American | 32 | $1,242,000 | $38,000 | $168,000 | $45,000 | $190,000 |
| Not applicable | 10 | $694,000 | $69,000 | $260,000 | $0 | $0 |
| Hispanic | 5 | $243,000 | $48,000 | $115,000 | $51,000 | $80,000 |
| Asian | 2 | $1,673,000 | $836,000 | $1,424,000 | $650,000 | $1,244,000 |
| American Indian or Alaskan Native | 1 | $20,000 | $20,000 | $20,000 | $52,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 265 | $20,064,000 | $75,000 | $1,424,000 | $69,000 | $1,244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $78,000 | $78,000 | $78,000 | $36,000 | $36,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 221 | $17,553,000 | $79,000 | $1,424,000 | $75,000 | $1,244,000 |
| Application Denied By Financial Institution | 36 | $1,990,000 | $55,000 | $180,000 | $35,000 | $75,000 |
| Application Withdrawn By Applicant | 9 | $599,000 | $66,000 | $372,000 | $66,000 | $258,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 18 | $1,017,000 | $56,000 | $169,000 | $31,000 | $75,000 |
| Other | 10 | $500,000 | $50,000 | $180,000 | $36,000 | $74,000 |
| Debt-To-Income Ratio | 4 | $264,000 | $66,000 | $127,000 | $35,000 | $66,000 |
| Collateral | 3 | $121,000 | $40,000 | $75,000 | $44,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $88,000 | $88,000 | $88,000 | $59,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2012 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess The Farmers & Merchants Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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